The Suez Canal Authority (SCA) is extending the discounts granted for liquefied petroleum gas (LPG) tankers, which operate between the ports of the US Gulf and India and its eastern parts until 30 June 2021.
The authority confirmed that these discounts will encourage LPG tankers to cross the canal, with reduction rates ranging from 24 to 75%. The ships traveling between the ports of western India and the Maldives to Kochi port will have a 24% reduction from the normal fees, while the ships traveling between the east of Kochi port in western India before reaching Singapore obtain a 60% discount. Furthermore, petroleum gas tankers traveling between Singapore ports and its eastern parts will enjoy a 75% discount.
Additionally, the authority granted discounts to the shipping lines as marketing tools to attract ships that use alternative routes, especially the Cape of Good Hope. It should be noted that the SCA previously extended this reduction last June, as a part of preventive measures to face COVID-19 impacts on international trade and canal as well.